All India Management Association (AIMA) 2007 M.B.A Marketing Management Business Law - II - Question Paper
Friday, 01 February 2013 11:30Web
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(b) The contract can be enforced only after receipt of acknowledgement by Sridharan who is the receiver of the contract
(c) The contract can be enforced only after receipt of acknowledgement by Sarabjeet who is the originator of the contract
(d) The contract can be enforced only after both Sarabjeet and Sridharan receive every other’s acknowledgement
(e) The contract can be enforced only after receipt of acknowledgement by the certifying authority.
( 2 marks)
18. A ship, MV Kalyanee, together with its cargo was insured against enemy action. The enemy country had sunk a different ship named MV Rajani on the voyage. Due to a collision with MV Rajani, MV Kalyanee was filled with water and sank without any other action on the part of enemy. Which of the subsequent statements is actual in these circumstances?
(a) No claim can be filed in respect of the loss of cargo of MV Kalyanee as it sunk without any action on the part of enemy
(b) No claim can be filed in respect of the loss of cargo of MV Kalyanee as it sunk by cause of collision with MV Rajani
(c) No claim can be filed in respect of the loss of cargo of MV Kalyanee as the cargo was lost due to sinking of the ship
(d) A claim can be filed in respect of the loss of cargo of MV Kalyanee as it is deemed to have sunk due to action on the part of enemy in having submerged MV Rajani
(e) No claim can be filed in respect of the loss of cargo of MV Kalyanee as its collision with MV Rajani amounts to negligent navigation.
( 2 marks)
19. Ananth signed as maker of a promissory note, a blank stamped paper and gave it to Bhushan and authorized him to fill it as a promissory note for Rs.500. Bhushan fraudulently filled it up as a promissory note for Rs.1,000 and endorsed it in favour of Chinmay, who in good faith advanced Rs.1,000. Can Chinmay, as a holder in due course recover Rs.1,000 from Ananth under the Negotiable Instruments Act, 1881?
(a) Chinmay cannot recover the amount from Ananth
(b) Chinmay can recover the amount from Ananth
(c) Chinmay cannot recover from Ananth but can recover from Bhushan
(d) Chinmay does not get valid title to the instrument, hence he cannot collect from either of them
(e) Chinmay cannot recover the amount of Rs.1,000 from Ananth, but can recover damages from Ananth.
( 2 marks)
20. The trading system of the National Stock Exchange is known as
(a) BSE Online Trading (BOLT) System
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